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IQ ARB Merger Arbitrage ETF
MNA

77 hedge funds and large institutions have $248M invested in IQ ARB Merger Arbitrage ETF in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 16 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 2

138% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 16

66% more capital invested

Capital invested by funds: $149M → $248M (+$99M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

15% more funds holding

Funds holding: 67 → 77 (+10)

7.2% more ownership

Funds ownership: 41.48% → 48.67% (+7.2%)

Holders
77
Holders Change
+10
Holders Change %
+14.93%
% of All Funds
1.76%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
12
Increased
38
Reduced
16
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$42.9M
2
RJA
Raymond James & Associates
Florida
+$13.2M
3
Bank of America
Bank of America
North Carolina
+$12.9M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$10.4M
5
HH
Hilltop Holdings
Texas
+$5.66M

Top Sellers

Rank Fund Capital Flow
1
CFA
Carroll Financial Associates
North Carolina
-$6.53M
2
CAN
Cetera Advisor Networks
California
-$3.18M
3
RJFSA
Raymond James Financial Services Advisors
Florida
-$349K
4
LNC
Lincoln National Corp
Pennsylvania
-$278K
5
FFW
Fusion Family Wealth
New York
-$233K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
26
Aviance Capital Management
Florida
$1.29M -$139K -4,444 -10%
LFAS
27
Level Four Advisory Services
Texas
$1.29M +$120K +3,831 +10%
MML Investors Services
28
MML Investors Services
Massachusetts
$1.13M +$421K +13,491 +58%
WSTAM
29
Wilbanks Smith & Thomas Asset Management
Virginia
$786K +$59.8K +1,915 +8%
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$745K +$291K +9,308 +62%
RJFSA
31
Raymond James Financial Services Advisors
Florida
$721K -$349K -11,173 -32%
AG
32
Advisor Group
Arizona
$669K -$93.1K -2,980 -12%
BAM
33
Belpointe Asset Management
Nevada
$666K +$1.06K +34 +0.2%
VCM
34
Verger Capital Management
North Carolina
$649K – – –
VF
35
Virtu Financial
New York
$610K +$337K +10,785 +119%
Goldman Sachs
36
Goldman Sachs
New York
$591K +$1.22K +39 +0.2%
HighTower Advisors
37
HighTower Advisors
Illinois
$497K +$123K +3,926 +32%
FAAS
38
First Allied Advisory Services
California
$485K -$26.6K -853 -5%
FWP
39
FAS Wealth Partners
Kansas
$469K +$8.24K +264 +2%
Wells Fargo
40
Wells Fargo
California
$420K +$169K +5,400 +65%
PWM
41
Paulson Wealth Management
Illinois
$411K – – –
CM
42
Columbus Macro
Pennsylvania
$402K -$22.5K -721 -5%
ML
43
McAdam LLC
Pennsylvania
$394K +$181K +5,811 +83%
ATC
44
Argent Trust Co
Tennessee
$364K +$88.8K +2,845 +32%
AA
45
Ancora Advisors
Ohio
$329K – – –
DP
46
Denver PWM
Colorado
$314K +$117K +3,746 +57%
PAG
47
Private Advisor Group
New Jersey
$263K +$267K +8,560 New
MIA
48
MainStreet Investment Advisors
Illinois
$234K -$4.22K -135 -2%
MPWT
49
MassMutual Private Wealth & Trust
Connecticut
$234K -$4.22K -135 -2%
AF
50
Advisornet Financial
Minnesota
$213K +$76.1K +2,436 +54%
1
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MNA Hedge Fund Activity: Q1 2018 in Review

77 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2018, worth a combined $248M — up 66% from $149M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MNA positions and 2 closed out — a net gain of 10 holders — while 38 added to existing stakes and 16 trimmed.

The largest buyer was Ameriprise, adding an estimated $42.9M. The largest seller was Carroll Financial Associates, cutting an estimated $6.53M.

  • 77 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2018, up from 67 in Q4 2017.
  • Funds reported $248M of IQ ARB Merger Arbitrage ETF stock for Q1 2018, up 66% quarter-over-quarter.
  • 12 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2018 and 2 closed out, a net change of +10 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2018 was Ameriprise, an estimated $42.9M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2018 was Carroll Financial Associates, an estimated $6.53M sold.

Based on aggregated 13F filings for Q1 2018.